Pakistani fintech ABHI raises $15m in credit financing

October 17, 2024 (MLN): Pakistani fintech startup ABHI has successfully secured $15 million in credit financing, led by Shorooq Partners and Amplify Growth Partnership.

This funding marks a significant milestone in its journey to drive financial inclusion across the MENAP region.

With this new credit facility, ABHI is set to expand its Earned Wage Access (EWA) and other financial solutions, empowering both businesses and individuals in underserved communities.

"As we continue to grow, we remain committed to transforming the financial landscape and bringing innovative solutions to the forefront," the management added.

Additionally, ABHI has entered into a strategic partnership with Codebase Technologies, one of the world’s fastest-growing open API banking fintechs, to expand Earned Wage Access (EWA) solutions across multiple regions through their Digibanc platform.

This collaboration will integrate Abhi's EWA solution into the Digibanc platform, giving businesses a powerful tool to support their workforce, ease financial stress, and boost employee productivity.

It will also streamline HR and finance processes, offering a smarter, more efficient way to manage employee financial wellness.

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